The Nifty futures’ open interest decreased by 5.96%
while Minifty futures’ open interest decreased by
9.95% as market closed at 6177.35 levels.
The Nifty Oct future closed at a premium of 20.15
points, against a premium of 39.95 points in the last
trading session. On the other hand, Nov future closed
at a premium of 39.00 points.
The PCR-OI decreased from 1.39 to 1.35 points.
The Implied volatility of At-the-money options
increased from 16.75% to 18.25%.
The total OI of the market is `1,75,909cr and the
stock futures OI is `51,136cr.
Few liquid counters where cost of carry is positive are
TV-18, FSL, GVKPIL, BHARATFORG and ASHOKLEY.
View
FIIs continued shorting stock futures and buying in
cash segment. They were net buyers of `1,020cr in
the cash market.
Yesterday, a considerable build up was observed in
the 6200 and 6300 call options and unwinding
was visible in the 6100 and 6200 put options.
Some buying was observed in HDIL during the day.
The stock has some short positions in it. We may
see a positive move in the stock up to `290. It is
advisable to form long with a stop loss of `267.
TRIVENI has given a positive move due to short
covering. Some weakness was observed in the
stock. We may see a negative move up to `115.
Traders can trade with negative bias with a stop
loss of `130.
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